Standby GDA Account definition

Standby GDA Account means the account to be opened in the name of the Guarantor and maintained with the Standby Account Bank in accordance with and subject to the terms of the Cash Management Agreement, the Standby Guaranteed Deposit Account Contract, the Standby Bank Account Agreement and the Security Agreement or such additional or replacement account as may be in place in accordance with the terms of the foregoing agreements and designated as such;
Sample 1Sample 2Sample 3

Examples of Standby GDA Account in a sentence

  • On each Guarantor Payment Date, the Guarantor or the Cash Manager on its behalf will transfer funds from the GDA Account (or, as applicable, the Standby GDA Account) to the Transaction Account (or, as applicable, the Standby Transaction Account) in accordance with Article 6 (Priorities of Payments) of the Guarantor Agreement.

Related to Standby GDA Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Credit Account is modified to read “Grant Account”.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Investment Account As defined in Section 3.12(a).

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Funding Account has the meaning assigned to such term in Section 4.01(h).